# Blockpit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blockpit

- Industry: Internet
- Headquarters: Linz, Austria
- Website: www.blockpit.io
- Total disclosed funding: $10M
- Latest round: Series A (Jul 7, 2021)
- Investors on record: 6

## About

Blockpit GmbH is a technology company that provides comprehensive solutions for cryptocurrency tax reporting and portfolio management, designed to simplify compliance for both individual investors and institutional clients.Founded in 2017 and headquartered in Linz, Austria, Blockpit GmbH specializes in crypto tax reporting solutions. The company was co-founded by Florian Wimmer, Gerd Karlhuber, Gert Weidinger, Magnus Berchtold, and Vladimir Tosovic. Since its inception, Blockpit has successfully raised EUR 8.4 million in Series A funding on July 7, 2021, led by MiddleGame Ventures, with other investors including Fabric Ventures, Force Over Mass Capital, and Venionaire Investment. This funding round represented the total amount raised by the company.Blockpit's primary offering is a comprehensive crypto tax calculator and portfolio tracking solution designed to aid investors in navigating the complexities of cryptocurrency transactions and tax obligations. The platform allows users to efficiently track their crypto investments, manage their portfolios, and generate tax reports tailored to comply with specific regulations in various jurisdictions, including the United States, United Kingdom, Germany, and many other countries. By integrating with over 250,000 crypto assets from diverse blockchains and exchanges, Blockpit facilitates the automatic recognition, balancing, and matching of transactions, ensuring users can manage their assets with high data accuracy. The service is particularly beneficial for both individual investors and institutional clients, including tax advisors and governmental organizations, who require precise tax reporting and insights into investment performance.For the most recent financial year, 2022, Blockpit GmbH reported a revenue of EUR 1,045,363.90. However, the company also experienced an EBITDA loss of EUR 1,974,560.50 in 2023.In July 2021, Blockpit GmbH secured EUR 8.4 million in funding to further develop its software, Cryptotax, and expand its availability into additional countries. The company aims to launch new features and enhance existing services while targeting key markets for expansion. The recent funding will specifically support these initiatives as Blockpit looks to broaden its geographic reach and optimize its product offerings.

## Funding rounds

- Series A, Jul 7, 2021, $10M — Force Over Mass Capital, Venionaire Capital, MiddleGame Ventures, Avaloq, Fabric Ventures, Tioga Capital

## Investors

- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Series A
- Venionaire Capital (https://capitalatlas.ai/funds/venionaire-capital) — Series A
- MiddleGame Ventures (https://capitalatlas.ai/funds/middlegame-ventures) — Series A
- Avaloq (https://capitalatlas.ai/funds/avaloq) — Series A
- Fabric Ventures (https://capitalatlas.ai/funds/fabric-ventures) — Series A
- Tioga Capital (https://capitalatlas.ai/funds/tioga-capital) — Series A